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Sonic 9780 State Route 14 1,835 SF Retail Building Streetsboro, OH 44241 $1,897,362 CAD ($1,033.98 CAD/SF) 6% Cap Rate
Investment Highlights
- Situated as an outparcel to a Walmart-anchored center along OH-14 in Streetsboro, surrounded by national retailers and positioned within the market’s
- The surrounding trade area features an average household income of $166,000+ within a 5-mile radius
- Long-term absolute NNN lease with approximately 14.3 years of remaining term, providing passive ownership with zero landlord responsibilities
- The site benefits from dual-corridor exposure with direct access to Highway 80 (42,000+ VPD) and frontage along OH-14 (32,000+ VPD)
- The Sonic has operated continuously at this location for over 19 years, backed by an experienced 85+ unit franchisee
Executive Summary
License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
- -
- -
-
Jan 0000
Sonic Drive-In is an American drive-in fast-food chain founded in 1953 in Shawnee, Oklahoma. The company grew from a small root beer stand originally known as Top Hat before adopting the Sonic name in 1959. Over the decades, it expanded across the United States with a model centered on car-based ordering and service. Sonic became known for its extensive drink options, customizable menu items, and the use of carhops for food delivery. The brand continues to operate as a subsidiary of Inspire Brands, a restaurant holding company that acquired it in 2018. Sonic maintains its headquarters in Oklahoma City, where corporate operations and brand management are based. The company remains privately held under Inspire Brands and continues to oversee a national franchise system.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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|
Accommodation and Food Services | - | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-033-00-00-007-009 | Improvements Assessment | $218,493 CAD |
| Land Assessment | $198,554 CAD | Total Assessment | $417,047 CAD |
Property Taxes
Presented by
Sonic | 9780 State Route 14
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